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๐ซ UAE: This OPEC group, Iโm not kneeling anymore
๐ฆ๐ช๐ฅ๐ธ๐ฆ
The most significant โexit from the groupโ event in 60 years,
And yet oil pricesโ
๐ Remain calm, as if nothing happened.
Market internal thoughts:
โYou leave, I sleep my own way.โ
๐งต Letโs briefly analyze the logic:
1. OPEC has long ceased to be the sole decision-maker
Who still cares about your faceโU.S. shale oil, Brazil, Guyanaโฆ?
2. UAE wants to go solo and sell more oil
Not because they donโt want cooperation, but because they think quotas are too small. Exiting isnโt burning bridges; itโs maximum pressure for bargaining.
3. Oil prices staying steadyโthatโs the real humor
20 years ago, this would be nuclear-level news.
Todayโin the marketโs words: Who are you?
๐คฃ Joking aside, thereโs a real trend behind this
๐ Middle Eastern pricing power โ shifting to the Americas
๐ OPEC+ changing from โgiving ordersโ to โfollowing the marketโ
UAE isnโt the first to want to leave,
and it wonโt be the last.
In the future, donโt call it the โOil Kingdom,โ
call it โOil Pinduoduoโโ
whoever offers the lowest price ships, whoever leaves the group goes solo โ๏ธ
$XBRUSD